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|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2018-08-27||Infibeam Avenues Ltd.||KRChoksey||232.70||256.00||232.70 (-69.32%)||Buy|
CCAvenues registered a growth of 128% YoY in payment processing to INR 102.45bn. Total number of transactions processed volume stands at 27mn translating into ticket value of INR 3,795/transaction. Adjusting the exception items to the tune of INR 75mn, EBITDA for the qtr remained at INR 45.9mn (-78% QoQ, -69% YoY). Adjusted OPM for the qtr stands at ~5%, which was dropped by 1557bps YoY. The drop is largely attributable to management's strong focus of improving the transaction size resulting into higher payment processing charges along with delay in recovering MDR charges for transactions below INR 2000 had impacted financial performance during the qtr. Adjusting exceptional item to the tune of INR 107mn (INR 32mn impairment on investments, INR 50mn stamp duty impairment, INR 25mn MDR...
|2018-05-10||Infibeam Avenues Ltd.||KRChoksey||164.00||259.00||164.00 (-56.46%)||Buy|
Unicommerce is an e-commerce enabler and provides a range of cloud-based solutions for managing the supply chain process: Multichannel Order & Inventory Management, Omnichannel Retailing and Warehouse & Logistics Management. The company is running a SaaS (Software-as-a-Service) model to deliver software solutions across the large merchant base (10,000+) which includes leading brands such as Amazon, Myntra, Jabong and Flipkart. The acquisition would strengthen the Infibeam's ecosystem to deliver software solution right from building up unique e-marketplace (BaB) to...
|2017-08-16||Infibeam Avenues Ltd.||KRChoksey||139.31||139.31 (-48.75%)||Pre-Bonus/|
Infibeam reported revenue of INR 1846.8 Mn in Q1 FY18, up 79.1% yoy and above our estimate of INR 1,300 Mn. The significant increase in revenues was primarily due to merger of CCAvenue, and integration of DRC Systems with Infibeam Web Service (IWS). Services revenue was robust and stood at INR 1,121.2 Mn, up 108.1% qoq and recorded a PBT margin of 33%. Product revenue stood at INR 725.4 Mn, up 8.3% qoq, indicating a strong revival due to increase in consumer spending after demonetization. EBITDA stood at INR 328.7 Mn, up 63.5% qoq, which is improved on the back of lower opex and higher realization in IWS. The company reported an EBITDA margin of 17.8% in Q1 FY18, a huge improvement compared to 12.3% in Q1 FY17....
|2016-03-23||Infibeam Avenues Ltd.||Phillip Capital||Pre-Bonus/|
various digital solutions and other valueadded services to merchants to setup online storefronts. UnlikeothertraditionalIndianecommercecompanies,itsfocushasbeentoscaleupitsBaBoperations whereitsprofitability(EBITmarginsof58%)ismuchhighervs.itsetailoperations(10%).Whilewe...
|2016-03-19||Infibeam Avenues Ltd.||Angel Broking||Pre-Bonus/|
Infibeam Incorporation Ltd (Infibeam) is an e-commerce company focused on developing integrated and synergistic e-commerce business models. Its operations can be broadly categorized as BuildaBazaar (BaB) e-commerce marketplace and E-retail website Infibeam.com. BaB provides cloud-based, modular and customizable digital solutions and other..
|2016-03-19||Infibeam Avenues Ltd.||AUM Capital||Pre-Bonus/|
Infibeam Incorporation Ltd was incorporated on June 30, 2010 at Ahmedabad Gujarat. It is in the business of e-commerce and owns and operates two websites the Infibeam Build Bazaar (BaB) e-commerce market place, which provides cloud based, modular and customizable digital solutions to enable merchants to set up online storefronts &...